Big Rock Partners Sponsor, LLC - 24 May 2021 Form 4 Insider Report for NRX Pharmaceuticals, Inc. (NRXP)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
25 May 2021, 21:17:34 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Richard Ackerman, managing member

Key filing fact

Big Rock Partners Sponsor, LLC filed Form 4 for NRX Pharmaceuticals, Inc. (NRXP) on 25 May 2021.

Key facts

  • This page summarizes Big Rock Partners Sponsor, LLC's Form 4 filing for NRX Pharmaceuticals, Inc. (NRXP).
  • 4 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 25 May 2021, 21:17.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: +$100,000.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NRXP transaction

Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-5,435
Change %
-1.1%
Price
$0.000000
Shares after
492,065
Date
24 May 2021
Ownership
By Big Rock Partners Sponsor, LLC
Footnotes
F1
NRXP transaction

Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+27,250
Change %
+5.5%
Price
$0.000000
Shares after
519,315
Date
24 May 2021
Ownership
By Big Rock Partners Sponsor, LLC
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NRXP transaction Derivative

Rights, exchangeable for Common Stock

Conversion of derivative security

Transaction value
Shares
-272,500
Change %
-100%
Price
Shares after
0
Date
24 May 2021
Ownership
By Big Rock Partners Sponsor, LLC
Underlying class
Common Stock
Underlying amount
27,250
Exercise price
Footnotes
F1, F2
NRXP transaction Derivative

Unit Purchase Option

Purchase

Transaction value
$100,000
Shares
+100,000
Change %
Price
$1.00
Shares after
100,000
Date
24 May 2021
Ownership
By A/Z Property Partners LLC
Underlying class
Common Stock
Underlying amount
160,000
Exercise price
$10.00
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Big Rock Partners Sponsor, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Mr. Ackerman is the managing member of this entity and has the sole voting and dispositive power of the securities held thereby. Accordingly, Mr. Ackerman may be deemed to have beneficial ownership of such shares. Mr. Ackerman disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F2

Each of the Issuer's Rights were convertible into 1/10 of one share of the Issuer's common stock upon consummation of the Issuer's initial business combination and had no expiration date. In connection with the Issuer's business combination, such Rights automatically converted into shares of common stock.

Footnote F3

Mr. Ackerman is the majority owner of this entity and may be deemed to have beneficial ownership of the shares owned thereby. Mr. Ackerman disclaims beneficial ownership except to the extent of his pecuniary interest therein.

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